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the house of representatives set to reconvene on sunday in another attempt to agree on a fiscal cliff deal. amon j eamon jav everyoers has the sto. >> i'm keeping an eye on my iphone here, i just got an e-mail from a source that says there might be even further news this evening, so, waiting for a status update on that. but we did get some news today and that news, as you say, was that the house of representatives is going to be called back early. they are coming back on sunday at 6:30 p.m. what they're going to do when they get here, we don't have any idea. but we had a fascinating series of dueling press conferences, dueling floor speeches, i should say, by senate republican and democratic leaders. the republican leader, mitch mcconnell, really put the blame on democrats, but he did seem to indicate that there may be further negotiations that are ongoing here, possibly even as we speak. take a listen to mitch mcconnell earlier this afternoon. >> the truth is, we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republi
the house of representatives set to reconvene on sunday in another attempt to agree on a fiscal cliff deal. amon j eamon jav everyoers has the sto. >> i'm keeping an eye on my iphone here, i just got an e-mail from a source that says there might be even further news this evening, so, waiting for a status update on that. but we did get some news today and that news, as you say, was that the house of representatives is going to be called back early. they are coming back on sunday at 6:30...
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the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'
the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning....
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cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast and the gulf of mexico says it will extend its contract for the next 30 days. that extension prevented a possible strike which could have crippled operations at ports that handle nearly half of all cargo in the united states including in our area at the port of baltimore. >>> we have breaking news tonight out of prince george's county where we are following a deadly fire in a townhome in green belt. you're looking live at the scene on laurel hill road. the flames broke out an hour ago. fire investigators s
cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could...
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if no fiscal cliff deal is reached, most everyone's taxes will go up tuesday with deep spending cuts kicking in. earlier i spoke with a democratic and republican strategist. they seemed to echo the sentiment of the voters. >> this is like, when you at the beginning of the year and you're in school at the beginning of the year, you get assigned a big project and you leave it until the last night. when i used to do that, my parents used to punish me. if kids were behaving the way these congress people are, they would be in the time out. if it was the private sector, they'd all be fired. there's no excuse. the only solution lies with us, the american people, and with us the voters demanding that they start working together and actually coming up with something. we cannot continue having these spectacles every few months. it's like making sausage. >> can we talk about the optics of this? there are many saying this is a republican and democratic problem, we're here because republicans won't play ball. >> it's easy for me to say that, i do think that politically, the republicans will suffe
if no fiscal cliff deal is reached, most everyone's taxes will go up tuesday with deep spending cuts kicking in. earlier i spoke with a democratic and republican strategist. they seemed to echo the sentiment of the voters. >> this is like, when you at the beginning of the year and you're in school at the beginning of the year, you get assigned a big project and you leave it until the last night. when i used to do that, my parents used to punish me. if kids were behaving the way these...
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cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose unemployment benefits. a few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment insuran
cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose...
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deal to get us over the fiscal cliff. does that mean this is the new normal in washington and what does that mean for economic growth? >> the new normal is the economy with an overlay of political polarization and dysfunction. look at the debate? we started with the hope of a grand bargain. then people said, we may not get a grand bargain but we'll get a mini bargain in the sense that we'll get a few things done but we'll have the momentum going into the year. now at best, at best we'll get a stopgap microdeal which doesn't really address anything at all and doesn't establish a momentum. so investors, people looking at the economy, are going to have to worry about how politics is contaminating economics. and that makes the new normal have chaos. so the new normal was sluggish growth. consistently high unemployment. and concerns about debt and deficits. now, we have that as the baseline with we can either tip into a recession or if our poll tilgs get their act together we could come out much bigger. but the fatter tale is
deal to get us over the fiscal cliff. does that mean this is the new normal in washington and what does that mean for economic growth? >> the new normal is the economy with an overlay of political polarization and dysfunction. look at the debate? we started with the hope of a grand bargain. then people said, we may not get a grand bargain but we'll get a mini bargain in the sense that we'll get a few things done but we'll have the momentum going into the year. now at best, at best we'll...
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any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie: it seems like we are further apart than last week when president obama gave the last minute pep talk to get the talks going. do we have to reach some point of pain in washington, d.c. that people get most motivated to get a deal. how does it work in washington? >> i wish i knew.it seems that you have to queen ratchratcheting up the pain. i was surprised. i thought enough after the election would be sorted out and the fiscal cliff would be a painful enough deadline they would come together. but it seems like the pain will come when we get to the dead cliff where they must absolutely deal with. it's one area where they must focus attention and create another deadline where they have to do something and potentially a larger agreement. >> susie: real quickly this has been frustrating from everybody from wall street to ceo to average american taxpayers. even the president saw that playing out. how do you seep see this playing out. will we have a deal on monday. >> it'swe haven't heard them talkabout opt
any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie: it seems like we are further apart than last week when president obama gave the last minute pep talk to get the talks going. do we have to reach some point of pain in washington, d.c. that people get most motivated to get a deal. how does it work in washington? >> i wish i knew.it seems that you have to queen ratchratcheting up the pain. i was surprised. i thought enough after the election...
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this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. >> yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news that a french court said a 75% tax rate on individuals is unfair. so it has been rejected. the court court says unless you apply it to households it is not fair to single out individuals. that means 75% tax at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the
this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. >> yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news...
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. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed americans will be off to a very rough start for the new year. for more on this let's turn to the reverend dr. haines iii, senior pastor at friendship west baptist church. dr. haines, welcome to the show. >> thank you, professor dyson. >> isn
. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment...
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cliff to deal with this fiscal cliff. >> reporter: today's meeting at the white house is the first time since mid-november that at the present time has had all four congressional leaders in the same ram at the same time. their past fiscal cliff talks have not been productive. adding to the urgency, 2 million unemployed americans will lose their benefits on saturday if a deal is not reached. the nation's borrowing limit to finance is 16 trillion will be maxed out by monday. and it is unclear how lawmakers will move forward at this point, but if the senate is able to make a deal before the house returns to capitol hill sunday, house members will have about 24 hours to approve it. live at the white house, danielle nottingham. derek, back to you. >> danielle, thank you. >>> derek, you might remember a few weeks ago we built, then broke out the 9news fiscal cliff soapbox, giving our passionate viewers a chance to sound off on the impending fiscal cliff. now that the cliff is within spitting distance we thought it might be a good time to head out again with the soapbox. earlier today that's e
cliff to deal with this fiscal cliff. >> reporter: today's meeting at the white house is the first time since mid-november that at the present time has had all four congressional leaders in the same ram at the same time. their past fiscal cliff talks have not been productive. adding to the urgency, 2 million unemployed americans will lose their benefits on saturday if a deal is not reached. the nation's borrowing limit to finance is 16 trillion will be maxed out by monday. and it is...
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. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no deal he yet, but there is some finger pointing going on. >> i'm concerned about the lack of urgency here. i think we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that option is necessary. >> i will say this, i think that the republican leader has shown absolutely good faith, but it's just that we're apart on some pretty big issues. >> and senator reid-- >> this has been a blame game from the very, very beginning and dana, we saw today president obama tak
. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no...
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fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leaders
fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that...
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still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than fo
still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and...
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the clock ticking down what are the chances for the fiscal cliff deal? let's look on the bright side here. washington bureau chief, i am being facetious when i say my new year's resolution is to say fiscal quote never again, but we could get a quick fix and potentially not have to see these two word again? >> we could. sometimes things are darkest before the dawn and sometime darkest before they go completely black. it is hard to know what is the case in washington. here is how you could get a deal quickly. it would be a minimalist deal that does the bare minimum necessary to prevent the big tax increases and spending cuts that bill along with going off of the cliff. the way it could happen is if the senate decides to take the bill ridge referred to that the senate passed weeks ago that essentially continued george bush era tax breaks for everybody, took that bill and amended to suit democrats which is to say to reduce those tax rates that will be extended to $250,000 and below, tack on a couple things everybody wants to get done like extending the alter
the clock ticking down what are the chances for the fiscal cliff deal? let's look on the bright side here. washington bureau chief, i am being facetious when i say my new year's resolution is to say fiscal quote never again, but we could get a quick fix and potentially not have to see these two word again? >> we could. sometimes things are darkest before the dawn and sometime darkest before they go completely black. it is hard to know what is the case in washington. here is how you could...
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fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a it
fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly...
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cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait generating and supporting thousands of jobs. during the extended period, we hope long-term resolutions can be reached for the hardworking families who depend on jobs and commerce linked to the port of baltimore. >>> to the state of the skins. it's the hottest ticket in town. the redskins play host sunday night as the two teams battle it out for the nfc east title and a place in the play-offs.
cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could...
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last-minute talks at the white house over the fiscal cliff ends with no announcement of a deal. a 6-year-old british girl abducted by her father and taken to pakistan is reunited with her mother in the u.k. welcome to "bbc world news." also to come, no where to pray for moslems in athens. and a quite at hollywood that revolution, making big returns to the silver screen
last-minute talks at the white house over the fiscal cliff ends with no announcement of a deal. a 6-year-old british girl abducted by her father and taken to pakistan is reunited with her mother in the u.k. welcome to "bbc world news." also to come, no where to pray for moslems in athens. and a quite at hollywood that revolution, making big returns to the silver screen
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"hours from the fiscal cliff, washington awaits deal." experts foresee a significant drag on the economy. negotiators keeping the bush-era tax cuts in place for all but the wealthiest americans. this is having a huge impact on what the markets want, which is some certainty. good morning, andy. caller: i was a volunteer rescue worker at the world trade center. i have two cancers. these guys want to mess with social security. there was a guy on yesterday. he was willing to pay a little more. he will still have over $200,000 left. he'll have maybe $20,000 last. it is ridiculous. we of the strong people. we are the ones that survive. they call us the little people. we are the strong people. host: it is 7:35 eastern time. the house will gavel and at 9:00 p.m. eastern time. we will have live coverage. the senate is coming in at 11:00 a.m. more from the senate floor yesterday. [video clip] >> i'm sure if president does not want a climate like this happen. i do not want on my watch for this to be the last thing that happens on my watch. i do not
"hours from the fiscal cliff, washington awaits deal." experts foresee a significant drag on the economy. negotiators keeping the bush-era tax cuts in place for all but the wealthiest americans. this is having a huge impact on what the markets want, which is some certainty. good morning, andy. caller: i was a volunteer rescue worker at the world trade center. i have two cancers. these guys want to mess with social security. there was a guy on yesterday. he was willing to pay a little...
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cheryl: my next guest does not see a fiscal cliff deal until late january, but the possible market turmoil to follow could create a stock buying opportunity. joining me now, global financial services president and portfolio manager. of course you'll see the glass half full on this one. yet been saying this since november, to be fair. >> taking the position that we don't think the politicians are really going to get anything done until the backs of firmly against the wall which will be after the first pay cycle of the new year. that's why we are expecting third week of january, but this is also an opportunity. we have to recognize that. if you look at the market today, just imagine. if you pull 20 investment professionals yesterday we probably would have said markets are going to be down today. better than expected economic news. cheryl: is trying to, but they're is a lot -- one of the best performing sectors of 2012 was financials. it would have predicted that at the beginning of 2012? is in that kind of hard for people to focus on what sectors for people to look at when you have this crow
cheryl: my next guest does not see a fiscal cliff deal until late january, but the possible market turmoil to follow could create a stock buying opportunity. joining me now, global financial services president and portfolio manager. of course you'll see the glass half full on this one. yet been saying this since november, to be fair. >> taking the position that we don't think the politicians are really going to get anything done until the backs of firmly against the wall which will be...
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i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy they laid out together. host: thank you for the call. guest: so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, q
i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates...
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no matter what, logistically we are probably going to go over the cliff, fiscal cliff even if a deal is struck just because of the maneuvering of how to get something passed in the senate and the house. so if you have a deal this afternoon you still have to get it to the floor of the senate, you have to talk about it, debate, you have to get through a series of votes, then you are talking about possibly 10:00 p.m. tonight where you get something passed if you get that far. then potentially the house takes it up tomorrow. if you again there are a lot of roadblocks because we don't know the specifics of the deal. rick: we heard that republicans have basically been dealt a poor hand when it comes to these negotiations. but is the than that bad that republicans will have to vote yes for tax rate increases without the promise of any spending cuts at all? >> reporter: there will be a large portion of the house republican caucus who will not do that. they just won't. they were voted -- they were elected not to do that. they were sent from their districts just as the president says he has a
no matter what, logistically we are probably going to go over the cliff, fiscal cliff even if a deal is struck just because of the maneuvering of how to get something passed in the senate and the house. so if you have a deal this afternoon you still have to get it to the floor of the senate, you have to talk about it, debate, you have to get through a series of votes, then you are talking about possibly 10:00 p.m. tonight where you get something passed if you get that far. then potentially the...
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. >> we're less than 24 hours away from going off the so-called fiscal cliff. >> there is still no deal to avoid tax hikes and spending cuts in. >> danielle leigh has more. >> congress is waking up from an intense weekend. >> the senate stands in recess. >> they will not meet again until later this morning. in atre going to come 11:00 a.m. tomorrow morning and we will have further announcements perhaps at 11:00 in the morning. >> hold because of what aides described as constructive movement over the weekend. avoiding a jump in inheritance taxes. republicans dropped a demand to cut social security. >> the consequences are too high for the american people to be engaged. i am interested in getting a result here. >> i think it has been hard for john boehner and mitch mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit. >> yesterday it was republicans waiting on democrats for a counter offer. >> mitch mcconnell called the vice president for help. lawmakers will scrambled into the final hours. republicans will likely push for reforms they give up this
. >> we're less than 24 hours away from going off the so-called fiscal cliff. >> there is still no deal to avoid tax hikes and spending cuts in. >> danielle leigh has more. >> congress is waking up from an intense weekend. >> the senate stands in recess. >> they will not meet again until later this morning. in atre going to come 11:00 a.m. tomorrow morning and we will have further announcements perhaps at 11:00 in the morning. >> hold because of what...
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done on the fiscal cliff? from washington to all around the country americans are fed up. >> this whole thing is a national embarrassment, an embarrassment to the president, an embarrassment to both sides of the aisle and both the house and the senate. >> the election is over. you got your seats. you're re-elected. congratulations. you have a job. now work and do it. >> fiscally irresponsible decision trying to please everyone and you please no one at all. >> they've got to work together. >> they appear to be very self-centered. >> joining me now retired admiral and former democratic congressman joe sestak of pennsylvania and msnbc contributor and former bush/cheney senior adviser robert trainum. kelly o'donnell has just reported some of the latest information. we heard there was progress overnight and we understand vice president biden and republican leader mitch mcconnell exchanged phone calls until about midnight and their aides then continued to work and we've been reporting the various areas of progress i
done on the fiscal cliff? from washington to all around the country americans are fed up. >> this whole thing is a national embarrassment, an embarrassment to the president, an embarrassment to both sides of the aisle and both the house and the senate. >> the election is over. you got your seats. you're re-elected. congratulations. you have a job. now work and do it. >> fiscally irresponsible decision trying to please everyone and you please no one at all. >> they've got...
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. >>> in case you're keeping score, only three days to go until we hit the fiscal cliff. no deal yet but we're getting lots of mixed messages. >> that's a good way to put it. >> mixed messages around washington today with some animosi animosity, but here's what senate majority leader harry reid had to say just a little while ago. listen. >> i say to the speaker take the escape hatch that we've left you. put the economic fate of the nation ahead of your own fate as speaker of the house. millions of middle class families are nervously watching, waiting and counting down the moment until our taxes go up. >> well, senator kay bailey hutchison is republican from texas, first elected back in 1993 and served in leadership positions and been an outspoken nor to the budget and defense. senator, great to have you with us here. >> we sure are going to miss you, one of the great group of moderates. >> maybe you're relieved to be leaving at this point. >> thinking of new year's eve here in washington and thinking, you know, this is the time to exit. >> go out while things get a little
. >>> in case you're keeping score, only three days to go until we hit the fiscal cliff. no deal yet but we're getting lots of mixed messages. >> that's a good way to put it. >> mixed messages around washington today with some animosi animosity, but here's what senate majority leader harry reid had to say just a little while ago. listen. >> i say to the speaker take the escape hatch that we've left you. put the economic fate of the nation ahead of your own fate as...
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struggle to reach a deal to avert the fiscal cliff, for a larger deal along the lines laid out by the simpson bowls commission is a part of the past that is a disappointment, the key architect of the fix the debt campaign and maya mcginnis. thanks for being with me on this saturday, maya. >> thank you. >> am i right in suggesting that even if a deal is fixed it would be far too small for your liking. >> you are right. the immediate pressing task is to not hurl the country over the fiscal cliff and i disagree it wouldn't be a problem if we went over it, and i worry that the ramifications of going over the cliff could be quite severe, not just that tax increases would be put in place because realistically at some point zee to come to terms with the fact we need to raise revenues and we'll have to raise taxes in one way or another and the point is that the fiscal cliff is a way that we would put a ton of economic damage in the economy and a lot of uncertainty about whether washington can govern. but just as important or using that fiscal cliff and not going over it and using that moment
struggle to reach a deal to avert the fiscal cliff, for a larger deal along the lines laid out by the simpson bowls commission is a part of the past that is a disappointment, the key architect of the fix the debt campaign and maya mcginnis. thanks for being with me on this saturday, maya. >> thank you. >> am i right in suggesting that even if a deal is fixed it would be far too small for your liking. >> you are right. the immediate pressing task is to not hurl the country over...
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lawmakers left for the holiday with the country on the edge of the fiscal cliff. danielle nottingham, cbs news washington. >> it was quite a year. we've going to -- we're going to have more reviews in the last hour. at 8:45 we will take a look at the international news stories of 2012. that is going to be on the cb channel 44, cable 12. >>> for the moment let's look ahead. mcathy labs expects hacking to mobile devices to expand. they might that stuff. the company is especially concerned about so-called ransom ware. it's a type of virus that locks up a phone or tablet and threatens to keep it that way until a ransom is paid. other concerns for mobile customers include trojan horse programs to buy apps without user permission and the hacking of digital wallets. a decline in attacks by hackers because their technical sophistication has grown. >> that's quite the target. >>> it's a murder that even a big city like new york everybody is in shock. >> the arrest of a man pushed to his death at a subway station. ,,,,,,,,,,,,,, a man in front of a subway >>> a woman in new
lawmakers left for the holiday with the country on the edge of the fiscal cliff. danielle nottingham, cbs news washington. >> it was quite a year. we've going to -- we're going to have more reviews in the last hour. at 8:45 we will take a look at the international news stories of 2012. that is going to be on the cb channel 44, cable 12. >>> for the moment let's look ahead. mcathy labs expects hacking to mobile devices to expand. they might that stuff. the company is especially...
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i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst members in today's meetings. conversations will continue throughout the afternoon on the path forward. outgoing republican congressman steven latourette told nbc's luke russert the senate bill did not stand much of a bill in the house. take a listen. >> i think it's a little unreasonable for senator reid to say that something they produced on new year's eve, produced by a bunch of sleep-deprived octogenarians is what we should adopt within 48 hours. >> laetset's bring in mike viqu. we understand there have been meetings throughout the afternoon. >> reporter: the future of this bill, the
i'm richard lui, you're watching msnbc's continuing coverage of the fiscal cliff deal. eric cantor emerging from a meeting saying he does not support the senate-passed bill. house speaker bonn janer is not likely to bring the senate bill to the floor without changes is what we're hearing and in a statement boehner's spokesman said the speaker and leader laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was our universal concern amongst...
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cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to strike sunday. a walkout would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneakers and snow shovels. >>> ski world entertainment plans to become a publicly traded company. the company's three parks are known for their water shows with killer whales. it earned $86 million during the first nine months of this year. seaworld's other property including two busch gardens parks and sesame place in p
cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the...
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the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as w
the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe...
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to arod the fiscal cliff. time for our sunday group, bill kristol. evan bayh, byron york and kirsten powers. well, bill, you just heard mitch mcconnell say he is hopeful and optimistic. will congress pass something in the next 48 hours, something to avoid the fiscal cliff? >> i don't know. but i guess probably. and it will be a bad deal but i suppose better than doing nothing. amazing every working american's taxes will go up on january 1. they are doing nothing about the payroll tax which is a big increase, 2%. and we will have totally irresponsible defense cuts. everybody agrees this is probably bad policy to have middle class americans taxes go up and this is what congress thinks is a good deal. >> chris: i'm not sure they think it is a good deal but a deal that avoids the worst of the fiscal cliff. senator bayh, obviously we don't know what is your sense? no filibuster in the senate. you heard what lindsey graham said and do republicans pass whatever it is that the senate agrees to? >> i think the odds are
to arod the fiscal cliff. time for our sunday group, bill kristol. evan bayh, byron york and kirsten powers. well, bill, you just heard mitch mcconnell say he is hopeful and optimistic. will congress pass something in the next 48 hours, something to avoid the fiscal cliff? >> i don't know. but i guess probably. and it will be a bad deal but i suppose better than doing nothing. amazing every working american's taxes will go up on january 1. they are doing nothing about the payroll tax...
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it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we saw president obama come out earlier today and talk about the fact that look, this isn't a perfect deal. this represents compromise on all sides. part of the reason you saw president obama come out today is not only to pressure republicans, but also to pressure democrats to get the deal done before this midnight deadline that is now so close and that is fast approaching. so there is some opposition that is being voiced from the left. could this impact the decision of some senate democrats? we'll have to wait and see, certainly. but, of course, when these deals come together, there are a lot of dis
it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we...
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cliff deal today. the world is watching, too. it's because the big tax hikes and spending cuts here could have a chilling effect on the global economy. we want to bring in richard quest from london. richard, we know that folks are watching this. perhaps not the minutia how we're following it in washington and the negotiations process from hour to hour and minute to minute it seems. certainly in the final stages of it this whether or not this is actually going to happen. why does it make such a big difference? >> reporter: it makes a huge difference because the rest of the globe, particularly say for example the european union and the euro zone is barely growing. it's stagnant and was in recession in '12. it could be in recession in '13. if you lop off any growth from the u.s. economy, that will have a ripple affect across the althouthe atlantic. you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few m
cliff deal today. the world is watching, too. it's because the big tax hikes and spending cuts here could have a chilling effect on the global economy. we want to bring in richard quest from london. richard, we know that folks are watching this. perhaps not the minutia how we're following it in washington and the negotiations process from hour to hour and minute to minute it seems. certainly in the final stages of it this whether or not this is actually going to happen. why does it make such a...
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any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie: it seems like we are further apart than last week when president obama gave the last minute pep talk toget the talks going. do we have to reach some point of pain in washington, d.c. that people get mos motivated to geta deal. how does it work in washington? >> i wish i knew.it seems that n ratcratcheting up the pain. i was surprised. i thought enough after the election would be sorted out and the fiscal cliff would be a painful enough deadline they would come together. but it seems like tpain will come when we get to the dead cliff where they must absolutely deal with. it's one area where they must focus attention and create another deadline where they have to do something and potentially a larger agreement. >> susie: real quickly this has been frustrating from everybody from wall street to ceo to average american taxpayers. even the president saw that playing out. how do you seep see ts playing out. will we have a deal on monday. >> it'we haven't heard them tal. but the hurdle remains in the hous
any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie: it seems like we are further apart than last week when president obama gave the last minute pep talk toget the talks going. do we have to reach some point of pain in washington, d.c. that people get mos motivated to geta deal. how does it work in washington? >> i wish i knew.it seems that n ratcratcheting up the pain. i was surprised. i thought enough after the election would be sorted out and...
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anybody in any authorities says anything about the likelihood or otherwise of a fiscal cliff deal you will see the market react. it happened earlier this morning. there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back to showing a gain of 50 or 70 points. watch for head lines, for leaks, for any sound bites that might appear on any news program anywhere and you will have some kind of market reaction. as we countdown to the end of this fiscal cliff, i'm going to call it a debacle because that's exactly what it is. even if we get a very, very narrow deal, whoop-de-doo, we have a debt ceiling problem and amt taxes, government spending, all of those problems outstanding, nothing done. the dow jones industrial average is not done up for the opening bell, it's down, we're 42 points, 48 points going down as of right now. 50 points lower. what did you give, what did you get for christmas this year? chances are, a computer tablet maybe? accordin
anybody in any authorities says anything about the likelihood or otherwise of a fiscal cliff deal you will see the market react. it happened earlier this morning. there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back to showing a gain of 50 or 70 points. watch for head lines, for leaks, for any sound bites that might appear on any news program...
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house conservatives threatened to kill fiscal cliff deal. that is the headline on this article. house republicans are in conference. we're hoping the leadership will come out afterward. if they do, we will bring you that press conference. in this article, it says that less than 12 hours after senate majority leader mitchell and a a -- senate minority leader mitch mcconnell marshaled the votes, the deal appealed squash by a revolt led by eric cantor. although his remarks were brief, they sent shock waves through his conference, which was already extremely skeptical of the agreement, and perhaps looking for a leader. conservative opposition to the agreement stems from a host of issues, including that the deal does not include any spending cuts, would significantly add to the deficit and raise taxes on those making more than $400,000 a year. while the republicans were meeting earlier today, the congressional budget office came out with its scoring of the bill passed by the senate. another four dollars trillion in deficit spending is what they scored its ad for the next nine years,
house conservatives threatened to kill fiscal cliff deal. that is the headline on this article. house republicans are in conference. we're hoping the leadership will come out afterward. if they do, we will bring you that press conference. in this article, it says that less than 12 hours after senate majority leader mitchell and a a -- senate minority leader mitch mcconnell marshaled the votes, the deal appealed squash by a revolt led by eric cantor. although his remarks were brief, they sent...
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for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry looks at messaging and movement from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in the air at this late hour. hi, mike. >> hi. bret. we hear from the republican senators they are optimistic and hopeful that a vote can happen sometime, perhaps later tonight. senator mitch mcconnell e-mailed and said he thought the deal was done until the white house called to say the sequestered cuts should be turned off. since then, she trying to find a way to bye down months of the
for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry...
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they don't deal with a fiscal cliff. tape freeze, and property. a bunch of votes that don't deal with the big issue we're talking about. bottom line, does this go through tonight? >> i don't think so. because they, they are going to have 36 hours. they have until 11:59 on thursday. they like the last minute. if they got this far over the cliff they'll keep going a whiling longer. we should say here the democrats don't love the bill. the house democrats all sign on to this. so if the democrats lose some and republicans are scrounging for their 40 to 50 -- >> bret: that is the key question today. the house minority whip, steny hoyer would not answer the question how will votes will you bring to the table? how will democrats will you bring to the table if it's an up-or-down vote? that is a big question, too. >> if the president is behind it and the democratic controlled senate is behind it, i can't -- maybe a few left wing democrats, but you have the minority leader in the house supporting it. leadership supporting it strongly. i can't see the democr
they don't deal with a fiscal cliff. tape freeze, and property. a bunch of votes that don't deal with the big issue we're talking about. bottom line, does this go through tonight? >> i don't think so. because they, they are going to have 36 hours. they have until 11:59 on thursday. they like the last minute. if they got this far over the cliff they'll keep going a whiling longer. we should say here the democrats don't love the bill. the house democrats all sign on to this. so if the...
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. >> jeff: the pressure on congress to reach a deal on the fiscal cliff is great. failure would be felt almost immediately in paychecks as taxes go up. and in financial markets as wall street reacts. even though the dow is up nearly 6% for the year if lost 2% this week as the deadline looms. for more on the potential impact of wall street i'm joined by jim awad chairman of plimsoll. let's talk about the fiscal uncertainity is figuring on wall street. >> it is figuring in an increasingly negative way. the markets are become increasingly concerned that business and consumers will pull back due to the uncertainty about tax and spending. and it's affecting the financial markets and the economy. >> jeff: a slow day tomorrow but how do you think we open? >> i think that if there is any rally it will be a fool's rallyment would you only get a rally if they announce something tonight. but the reality is that anything they announce would be light on fact and long on symbolic-- symbolism it wouldn't have a lot to do with entitlements. it wouldn't address the debt ceiling. so
. >> jeff: the pressure on congress to reach a deal on the fiscal cliff is great. failure would be felt almost immediately in paychecks as taxes go up. and in financial markets as wall street reacts. even though the dow is up nearly 6% for the year if lost 2% this week as the deadline looms. for more on the potential impact of wall street i'm joined by jim awad chairman of plimsoll. let's talk about the fiscal uncertainity is figuring on wall street. >> it is figuring in an...
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lawmakers today anticipating a possible, a possible agreement regarding the fiscal cliff. no deal has been reached yet. senators today will technically be working on a praiseholder -- placeholder bill in the event there is a fiscal cliff agreement. until the deal's reached, we expect we'll hear discussion at least on the fiscal situation. take a look now live on the floor of the u.s. senate, and we'll bring it to you live here on c-span2. the presiding officer: the senate will come to order. the chaplain, dr. barry black, will lead the senate in prayer. the chaplain: let us pray. almighty god, we praise your name. you are high over all the nations and your glory is greater than the heavens. let your spirit move our lawmakers to do your will. teach them valuable lessons from hardships and adversities, as they work to be worthy of the sacrifices of those who have already given so much for freedom. lift them from the darkness of hopelessness so that they may take steps toward your light. may your presence and grace bring comfort, as you inspire them to choose what is right an
lawmakers today anticipating a possible, a possible agreement regarding the fiscal cliff. no deal has been reached yet. senators today will technically be working on a praiseholder -- placeholder bill in the event there is a fiscal cliff agreement. until the deal's reached, we expect we'll hear discussion at least on the fiscal situation. take a look now live on the floor of the u.s. senate, and we'll bring it to you live here on c-span2. the presiding officer: the senate will come to order....
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that is your take on how close we may or may not be to a deal to avoid the fiscal cliff? >>guest: we have a framework on taxes. they are working out a deal on the massive spending hikes. taking an amount to it as the president said, not a scalpel and it could be too deep. we are a way of from dealing with that. but i make the point that it is still not clear whether a deal like this could make it through the senate. it seems likely the republican leader is on it but the bigger question is, will it get through the house of representatives republicans? conservatives will be frustrated there is no spending cut? also, republicans today are saying they were inflamed with their opposition hardened that the president came out and pointed his finger at republicans and made it like a campaign-style i vent and senator john mccain ripped it to the president saying that is not how he should do it in the final hours. >> it is the time for presidential leadership. it is time to stop the cheerleading the time to stop the campaign. the president won. we know that. he won fair and square.
that is your take on how close we may or may not be to a deal to avoid the fiscal cliff? >>guest: we have a framework on taxes. they are working out a deal on the massive spending hikes. taking an amount to it as the president said, not a scalpel and it could be too deep. we are a way of from dealing with that. but i make the point that it is still not clear whether a deal like this could make it through the senate. it seems likely the republican leader is on it but the bigger question...
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the ap is reporting that the white house and gop leaders have reached a deal on the fiscal cliff. the vote on the measure will be the next step followed by action by the u.s. house of representatives. in a return on tuesday at noon th eastern.e ut senar f senatef iowa. mr. harkin: mr. president, in the last few decades, real middle-class families in america -- i say real middle-class, making $30,000, $440,000, not $400,000 a year, have steen season their jobs being more insecure, their wages stagnate, in fact, their income adjusted for inflation is less than it was in the late 1990's. their savings and pensions have shrunk or disappeared, the cost of education has soared, at the same time the wealthiest americans and large corporations grow ever richer and pay less and less in taxes. for example, take dividends. prior to 2003, dividends were always taxed as ordinary income. but now they're taxed at a less rate, at the capital gains rate. income of hedge fund managers are taxed at a lower rate than middle-class families, so-called carry interest rule. the share of our nation's weal
the ap is reporting that the white house and gop leaders have reached a deal on the fiscal cliff. the vote on the measure will be the next step followed by action by the u.s. house of representatives. in a return on tuesday at noon th eastern.e ut senar f senatef iowa. mr. harkin: mr. president, in the last few decades, real middle-class families in america -- i say real middle-class, making $30,000, $440,000, not $400,000 a year, have steen season their jobs being more insecure, their wages...
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jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase between 28 cents and 37 cents per hour affects more than 1 million low-income earners. thanks to laws that have lower minimum wage to keep price. and the price of stamps is set to go up? e, again, by a penny, on january 27th, which brings the price of sending first-class mail to 46 cents. >>> well, the senate has also approved a five-year extension of the foreign intelligence surveillance act allowinging the government to eavesdrop on overseas phone calls and e-mails from potential terrorists. they say it's protected us from more attacks like 9/11. others argue the bill could be abused. the bill is
jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase...
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that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get h
that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate....
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none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been keeping us uh prized all morning and all afternoon and in the evening with your e-mails and your blog. one of the things you pointed out today is that it is not necessarily that line of taxes. no one above or below a certain point. but it is the spending cuts that are really the target, that are really the sticking point. why is that? >> that's always the hardest part. back to the 1980s when the deficits have started to explode, there have been four or five pieces of legislation over the past 30 years dating back to hollings that was the first sequ
none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been...
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over the edge of the fiscal cliff. no deal written in stones, but the markets still believe -- 139 points for the dow jones industrials -- that there may be some type of deal. join us now, allison deans, the senior adviser at varick asset management. we brought you in because you're so good at this kind of stuff, and we thought what we should invest in there is no deal or if there is a deal. what's your mind telling you? >> i think there will be a deal. i think if it doesn't happen tonight, they'll exing tend -- extend some of the benefits, and my sense is it'll be a compromise for both parties. it's just a shame they wait until the very last minute waiting to see what will happen. liz: we have on your screen what people's income is and what kind of extra tax you might endure if we were to go over the fiscal cliff. and as we let people absorb these numbers, there are also a bunch of other issues, you know, 800,000 pentagon workers could be furloughed, all kinds of other issues where emergency unemployment benefits migh
over the edge of the fiscal cliff. no deal written in stones, but the markets still believe -- 139 points for the dow jones industrials -- that there may be some type of deal. join us now, allison deans, the senior adviser at varick asset management. we brought you in because you're so good at this kind of stuff, and we thought what we should invest in there is no deal or if there is a deal. what's your mind telling you? >> i think there will be a deal. i think if it doesn't happen...
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>> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot reach a deal, americans in maryland will burden will -- will be burdened. legislativent of observances had a report about what the impact would be. if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling
>> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot...
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. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real question is in the house of representatives and will it be enough of a compromise, that enough republicans can vote for it, to get through the house? i put that at 50-50. >> chris: byron, the most we can say, or will be ale to say if congress passes something is they were able to stop the crisis, that they created, in the first place. but, they will have done nothing, i mean, it is really quite astonnishing to deal with the debt problem which is what the crisis was supposed to be about and, in fact, if you
. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the...
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now, there are other things they can do if there is no fiscal cliff deal. namely hurricane sandy supplemental might need work, also work on the farm bill, also overdue. there are other things, plenty of business to work open, but the truth is they're coming back because of the fiscal cliff, in case there might be a deal, and also to show that they're working until the last minute. >> lisa, i love you, but you just depress me. >> oh, no! >> i know. >> have faith. have faith. honestly, it is not -- these guys are best at the last minute. i think we're far from the last minute, though it feels that way to a lot of people. especially the unemployed losing their benefits tomorrow. it is a serious matter. they're best at the last minute and they're not there yet. >> we shall see. >> try to smile. >> i'll try. i'm sure many americans are trying as well. >>> we talked about the effect of hitting the fiscal cliff on american taxpayers. what about businesss? what about businesses? rick newman of u.s. news and world reports tells us they're cutting back already. >> to
now, there are other things they can do if there is no fiscal cliff deal. namely hurricane sandy supplemental might need work, also work on the farm bill, also overdue. there are other things, plenty of business to work open, but the truth is they're coming back because of the fiscal cliff, in case there might be a deal, and also to show that they're working until the last minute. >> lisa, i love you, but you just depress me. >> oh, no! >> i know. >> have faith. have...
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the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: t
the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off...
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adam: oh, joy of joy. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is talking about armageddon because of the debt ceiling. i would be terrified if i were not in the market putting my toe in this. there will have to be buying opportunity if people panic and sell. >> which market, adam? that can be the story of 2003 and headlines are obviously scary they have a tendency to sell stocks and buy bonds. that is the safe move. i think the reverse will be true in 2013 and stocks will look quite attractive versus bonds. a highly manipulated market government stepped in and tried to hold interest rates low. once inflation starts to show its head, i think bonds, supposedly
adam: oh, joy of joy. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it....
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none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been keeping us uh prized all morning and all afternoon and in the evening with your e-mails and your blog. one of the things you pointed out today is that it is not necessarily that line of taxes. no one above or below a certain point. but it is the spending cuts that are really the target, that are really the sticking point. why is that? >> that's always the hardest part. back to the 1980s when the deficits have started to explode, there have been four or five pieces of legislation over the past 30 years dating back to hollings that was the first sequ
none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been...
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gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yt. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush tax c
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american...
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fiscal cliff hanger, lawmakers scrambling to make a deal to keep sharp tax increases an spending cuts from taking effect in 36 hours. can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an internet sensation. the viral video that has millions of people around the world hooked, today, sunday, december 30th, 2012. >>> from nbc news this is "today" with lester holt and erica hill >>> i'm erica hill. >> i'm carl quintanilla. >> all eyes on washington. a number of americans wondering this morning why lawmakers have not yet been able to reach a deal to avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in californi
fiscal cliff hanger, lawmakers scrambling to make a deal to keep sharp tax increases an spending cuts from taking effect in 36 hours. can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an...
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on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family vacation. we learned from the white house that the president had made calls to the top four congressional leaders mcconnell and boehner on the republican side, pelosi and reid on the democratic side. we'll see what the president has in mind when he touches down back in washington a little later this morning, harris. harris: mike you mentioned it. i'm mentioning it too. it is coming into the newsroom from senator mcconnell's spokesperson and just wondering what the republicans say they want. they want to review legislation and make d
on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family...
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. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemplo
. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff...
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will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, of course, it isn't just the fiscal cliff we're counting down to. it's new year's eve and we want to say happy new year to everyone who is joining us or watching the program here today. earlier, we asked have you made any resolution, trade or otherwise, for 2013. we've got a couple at least. one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually.
will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence....
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the fiscal cliff crisis. at this point, the approaching deadline can be measured in hours, and expectations are being scaled down accordingly. >> i suggested to them, if they can't do a comprehensive package of smart deficit reduction, let's, at minimum, make sure people's taxes don't go up. >> the president appearing on "meet the press" this morning, pushing a narrow last-minute deal that would extend the bush tax cuts for the middle class but leave a hoet of other issues unresolved. if congress does reach a small deal on taxes before the fiscal cliff deadlines up, their next fight over the dead ceiling will be queued up and ready to go. whether or not we go over the fiscal cliff tomorrow night, a political stand-off over the debt ceiling is imminent. joining us sort through all of this current and future fiscal crises is ezra klein. at "the washington post" as well as columnist for bloomberg view. thanks for joining us. you addressed the issue of what happens next, i saw you on rachel's show friday. your th
the fiscal cliff crisis. at this point, the approaching deadline can be measured in hours, and expectations are being scaled down accordingly. >> i suggested to them, if they can't do a comprehensive package of smart deficit reduction, let's, at minimum, make sure people's taxes don't go up. >> the president appearing on "meet the press" this morning, pushing a narrow last-minute deal that would extend the bush tax cuts for the middle class but leave a hoet of other issues...
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we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. >>> the united states is going over the fiscal cliff. at least for a short while. the house of representatives deciding in just a little while ago it will not vote and a deal tonight. earlier, president obama sounded slightly optimistic. let's listen to this. >> they are close but they're not there yet. and one thing we can count on with respect to this congress is that if there's even one second left before you
we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments...
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. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior white house staff will hold a conference call with some of the country's top business leaders within the half hour to brief them on negotiations. we're told the president will not be on that call. live in the newsroom, keith russell, news4. >>> stay with us. coming up at 50:30, we'll break down the immediate impacts on american there's no deal and explain how it would hit our local economy. again that's in the next half hour. >>> it's an epic rivalry. washington versus dallas. this weekend the stakes are as high as they've ever been. the rivalry can split households right down the middle. richard jordan joins us live from feddics field. richard? >> reporter: pat, there is no doubt about it, come sunday families will be pouring into the stadium or sitting around the tv to watch the big game, but some some cases this matchup
. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior white house staff will hold a conference call with some of the country's top business leaders within the half hour to brief them on negotiations. we're told the president will not be on that call. live in the...
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there is no deal yet on the fiscal cliff. so what does it all mean for you and your money? well, we will have you back and we will talk about the cutbacks to spending and what it all means to you. we have got the experts to give you some advice. it's our exclusive fiscal cliff roundtable and it's coming up right now on cnn. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> it is the one issue that affects just before
there is no deal yet on the fiscal cliff. so what does it all mean for you and your money? well, we will have you back and we will talk about the cutbacks to spending and what it all means to you. we have got the experts to give you some advice. it's our exclusive fiscal cliff roundtable and it's coming up right now on cnn. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature....
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you are up first, as the senate early this morning approved the deal on the so-called fiscal cliff. caller: happy new year. i think it is a good deal the democrats got, but i am worried on the second dell as they want to put social security on the line. it does nothing to do with the deficit. our taxes paid into social security. it has nothing to do with debt. i do not know why the republicans -- the republicans have been trying to get rid of social security for 70 years now and have not gotten it done. they want to take the money and give congress a raise. they want to take people's social security money and give congress a raise and what are they doing? nothing. then they want to take money and give it to the pentagon. they put all of the money into these outfits, but they want to cut social security. host: john, ap reported this morning that officials decided to use the measure to prevent the pay raise for lawmakers. i want to let you know that, and also, if you are concerned about social security on the table in what is called round two after the 113th congress convenes, which h
you are up first, as the senate early this morning approved the deal on the so-called fiscal cliff. caller: happy new year. i think it is a good deal the democrats got, but i am worried on the second dell as they want to put social security on the line. it does nothing to do with the deficit. our taxes paid into social security. it has nothing to do with debt. i do not know why the republicans -- the republicans have been trying to get rid of social security for 70 years now and have not gotten...
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america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> so
america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope...
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Dec 31, 2012
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president obama moments ago taking the stage to say a deal on the fiscal cliff is in sight but no compromise so exactly where do we stand in what does it mean for your war let? secretary of state, hillary clinton, in the hospital, with a blood clot week after reportedly sustaining a condition cushion in a fall. we will have the latest on that coming up. al qaeda group in yemen offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news changes everything. this is "studio b." >> first from fox at 3:00, president obama says congress is close to striking an 11 the hour deal to keep our nation from plunging off the fiscal cliff but he says the two sides still have ground to cover and the time is running out. that one-two punch that will kick in, hours from now, on january 1, and if the president and congressional lawmakers cannot hash it out, the united states could fall into another recession. here is part of the framework for the agreement. the bush tax cuts would expire for incomes above $400,000 for individuals and $450,000 for famili
president obama moments ago taking the stage to say a deal on the fiscal cliff is in sight but no compromise so exactly where do we stand in what does it mean for your war let? secretary of state, hillary clinton, in the hospital, with a blood clot week after reportedly sustaining a condition cushion in a fall. we will have the latest on that coming up. al qaeda group in yemen offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news...
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Dec 28, 2012
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we'll talk about that. >>> no deal in sight before the so-called fiscal cliff. coming up, an update on what if anything can be done from the ranking democrat on the house budget committee, maryland congressman chris van hollen and new information of kelly o'donnell and check out the "news nation" tumblr page. lots of behind the scenes pictures. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> we are about a half hour away now with the meeting between president obama and top leaders of both parties. joining the president and vice president, boehner, pelosi, reid and mcconnell. their goal, agree on something before the country falls off
we'll talk about that. >>> no deal in sight before the so-called fiscal cliff. coming up, an update on what if anything can be done from the ranking democrat on the house budget committee, maryland congressman chris van hollen and new information of kelly o'donnell and check out the "news nation" tumblr page. lots of behind the scenes pictures. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every...
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Dec 28, 2012
12/12
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WBAL
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now to the fiscal cliff hanger. three more days and then tax hikes on everyone, automatic spending cuts, and no deal reported. the two parties are talking again at least. steve has the latest from capitol hill. >> sources are capitol hill say president obama in today's talks feels he has the advantage back and that he will press on his original demand that income taxes rise on earnings over $250,000. it's a positive sign, the first meeting since mid november the four congressional leaders at the white house. called by president obama, house speaker john boehner is a key figure. >> the fact that he has come back to me says that they cannot come up with some kind of agreement. -- that they can come up with an agreement. >> both sides want to avoid middle-class tax cuts. the hang up is the tax hikes on the rich. those making over $250,000 in the obama reposal or $400,000, a level that mitch mcconnell reportedly said he might be able to sel? republicans won the debate shifted. >> the talk about taxes, but what it should
now to the fiscal cliff hanger. three more days and then tax hikes on everyone, automatic spending cuts, and no deal reported. the two parties are talking again at least. steve has the latest from capitol hill. >> sources are capitol hill say president obama in today's talks feels he has the advantage back and that he will press on his original demand that income taxes rise on earnings over $250,000. it's a positive sign, the first meeting since mid november the four congressional leaders...
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Dec 31, 2012
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as a result we are going of the fiscal cliff. joining me now, former adviser to president george w. bush and doug shown, democratic strategist and fox news contributor. welcome to you both. >> thank you so much. gerri: am i surprised by what is happening? no. and my interest? no. and so of start with you. how would you grade the president's lead on this issue today? >> well, i'm not trying to give anyone a good mark, the president by and certainly not congress. i hope my colleague in the spirit of the new year would recognize that the entire political establishment has let us down. we are going to get at best that deal on taxes, not going to get anything to reform entitlements or spending. in my question to you, do you think republicans in the house should vote for this deal? gerri: wait a minute. before you go to that i want to mention, we should acknowledge your that there is still a possibility the senate will vote on these ideas that we have described ad nauseam today about extending tax cuts for single ardors of 400,000 less couples, families of 450,000 less, that could be vote
as a result we are going of the fiscal cliff. joining me now, former adviser to president george w. bush and doug shown, democratic strategist and fox news contributor. welcome to you both. >> thank you so much. gerri: am i surprised by what is happening? no. and my interest? no. and so of start with you. how would you grade the president's lead on this issue today? >> well, i'm not trying to give anyone a good mark, the president by and certainly not congress. i hope my colleague...
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Dec 31, 2012
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we can forget all that stuff, and we'll know if there's a deal on the fiscal cliff or not and what either outcome means for you and your money. we'll talk to sheila bair, former fdic chairwoman. and texas congressman lloyd daggett. so much to talk about tomorrow. i certainly hope a deal has been done. >> nice to work with you. >> are you going to go to times square? >> i'm going to run the park. 2013 starts with a run. i conned my wife into it as well. she'll join me. >> happy new year to you. >> cnn newsroom with suzanne malveaux begins now. >>> happy new year. stories we're watching now. hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just hours from now new york w
we can forget all that stuff, and we'll know if there's a deal on the fiscal cliff or not and what either outcome means for you and your money. we'll talk to sheila bair, former fdic chairwoman. and texas congressman lloyd daggett. so much to talk about tomorrow. i certainly hope a deal has been done. >> nice to work with you. >> are you going to go to times square? >> i'm going to run the park. 2013 starts with a run. i conned my wife into it as well. she'll join me. >>...
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Dec 29, 2012
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to they can't replace the fiscal cliff with a big debt deal. and they're once again starting to talk about the debt ceiling as something that it's not at all clear will be raised in a responsible way. and by responsible, what would happen is they raise the debt ceiling in return for putting in place budgetary changes. but if there's a real threat of not raising the debt ceiling, there's just too much uncertainty right now which could rattle markets and harm the economy. so i'm worried about holding the country hostage on that. i would much prefer to put in place a comprehensive debt deal in advance of that and raise the debt ceiling at the same time. >> all right. well, i know you keep an eye on this better than just about anybody out there. myra mcguinness, thank you for your time. i know we'll be talking to you down the road. >> thank you. >>> let me turn now about 18 minutes from now i'm going to get up here. craig melvin is going to be in the chair. craig, good morning to you, kind sir. how you doing? >> good to see you over there, my frien
to they can't replace the fiscal cliff with a big debt deal. and they're once again starting to talk about the debt ceiling as something that it's not at all clear will be raised in a responsible way. and by responsible, what would happen is they raise the debt ceiling in return for putting in place budgetary changes. but if there's a real threat of not raising the debt ceiling, there's just too much uncertainty right now which could rattle markets and harm the economy. so i'm worried about...
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Dec 31, 2012
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so we know what we're dealing with and i think it affects us right now in the fiscal cliff negotiations because we're not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together. maybe it's like a dysfunction alal family but we do have to work together because without bipartisanship, nothing is going anywhere. therefore, i think you have to go back to negotiations 101, which is that someone in a negotiation has to win some and lose some. the other party in a negotiation has to win some and lose some. the president is not going to get everything he wants. the republicans in the house and senate are not going to get everything we want nor are the democrats in the house and senate. so we have areas where we can come together and i have seen it. all of us were talking in the last couple of hours about how we have talked to our counterparts
so we know what we're dealing with and i think it affects us right now in the fiscal cliff negotiations because we're not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together. maybe it's like a dysfunction alal family but we do have to work...
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Dec 28, 2012
12/12
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because even if there is a deal, technically avoids going over the fiscal cliff, stops all the other stuff from happening. it's a disaster because we had seven weeks to do a big deal, which would have reassured the markets, the world, that we could function as a government and make important compromises that we could take shared pain as well as shared sacrifices and all we've done even if we get out of this by december 31, we kicked the can down the road to another day where we'll have to face the harsh realities that you can't always get what you want. we democrats are going to have to accept significant entitlement reform, some of which is needed to preserve the programs we hold dear. republicans are going to have to accept 1$1.2 or three trillion n new revenue. the numbers have to add up, so we can get down to a reasonable percentage of gross national product. >> governor, when you watch these politicians on both sides of the aisle for that matter, take to the cent floor, point fingers, then we have this meeting where nothing has been done, how frustrating is this and is it a symp
because even if there is a deal, technically avoids going over the fiscal cliff, stops all the other stuff from happening. it's a disaster because we had seven weeks to do a big deal, which would have reassured the markets, the world, that we could function as a government and make important compromises that we could take shared pain as well as shared sacrifices and all we've done even if we get out of this by december 31, we kicked the can down the road to another day where we'll have to face...
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ahead, more on the fiscal cliff and the dwindling hope that a deal can be reached. it's all part of our special coverage of the fiscal cliff crisis with me and ali velshi. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfacti
ahead, more on the fiscal cliff and the dwindling hope that a deal can be reached. it's all part of our special coverage of the fiscal cliff crisis with me and ali velshi. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again....
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Jan 1, 2013
01/13
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as i have said to you from day one, democrats want the fiscal cliff. howard dean said on your program, it is the best deal that they are going to get. the republicans would never go along with and they are going to get tax raises on rich people. and when we go off the physical cliff congress goes back into session. republicans are blamed for the bad economy and roger is right. the three programs, social security and medicare and medicaid have been untouched. roger, the reason i give this one cheer out of three cheers, i think he is right. the democrats are salivating to demonize and this deal is the best they are going to get. >> in this one, some people say, that the real hidden agenda is to break the pledge on tax cuts and break the republican party in two. do you agree with that? >> if we break the party is done. >> and you heard what the great roger stone said. is mr. obama in it to break the party or the gop? >> as a democrat, i wish that, but the reality is he is far more liberal than they think he s he wants the deal. regardless of what howard d
as i have said to you from day one, democrats want the fiscal cliff. howard dean said on your program, it is the best deal that they are going to get. the republicans would never go along with and they are going to get tax raises on rich people. and when we go off the physical cliff congress goes back into session. republicans are blamed for the bad economy and roger is right. the three programs, social security and medicare and medicaid have been untouched. roger, the reason i give this one...
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to consider the deal and avoid fiscal cliff. bring in panel. fred barnes, executive editor of stand stand. kirsten powers and sindcated columnist krauthammer. >> what do you make of this? >> moldestly optimistic. they work out a deal before. they did when the talks over the debt limit fell apart. they can do it again. they can raise the income level for having the taxes raised. president offered $400,000 rather than $250,000. $400,000. people over that pay more last week. got it to $500,000, i personally talked to members of congress conservative republicans who would go along with that. then maybe 400,000 is enough. they will come up with something. if they threw in the amt, not letting it hit 30 million more people. a deal is there to be had. if anybody can put it together, it's reid and mcconnell. they are good at this. >> a deal has been there to had for quite some time. not sure what the republicans with -- what the problem with the republicans is. obama in the end will have won this. it's, if this guess up for a vote. if his package goes
to consider the deal and avoid fiscal cliff. bring in panel. fred barnes, executive editor of stand stand. kirsten powers and sindcated columnist krauthammer. >> what do you make of this? >> moldestly optimistic. they work out a deal before. they did when the talks over the debt limit fell apart. they can do it again. they can raise the income level for having the taxes raised. president offered $400,000 rather than $250,000. $400,000. people over that pay more last week. got it to...
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Dec 28, 2012
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on the fiscal cliff. we told you minutes ago we understand from a source that the president is not unvailing a new offer, but going with the original offer which was dismissed by the g.o.p. leaders so that is one aspect of this. we're also told by an administration showrs that president obama will not be on a call to ceos scheduled at 5:30 this afternoon eastern time. the administration officials saying, quote, it's a routine call with business leaders and white house staff be giving them the latest on the fiscal cliff". lloyd will be on the call according to a source, and still working on exactly what's transpyring inside the white house. that's lloyd blankfind there, again, not part of the call with the ceos, and conferring with the chief executives on what's going on with the fiscal cliff arrangements or, you know, negotiations because, obviously, critical getting closer and closer to the fiscal cliff, session lows now, the news does not portend good news with regard to the negotiations down 158 points
on the fiscal cliff. we told you minutes ago we understand from a source that the president is not unvailing a new offer, but going with the original offer which was dismissed by the g.o.p. leaders so that is one aspect of this. we're also told by an administration showrs that president obama will not be on a call to ceos scheduled at 5:30 this afternoon eastern time. the administration officials saying, quote, it's a routine call with business leaders and white house staff be giving them the...
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just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with income below 45000$450,000. all income above that would be tacked at 39 pittsburgh.6%. the deal is said to include a permanent fix for the alternative minimum tax and it extends unemployment insurance for another year for 2 million americans. this was huge for the democrats. speaking at the white house in front of a group of middle class americans just a few hours ago, the president urged congress to act immediately. >> for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we
just seven hours now until the nation goes over the fiscal cliff. and after weeks of negotiations and public posturing, democrats and republicans have reached an agreement on tax rates in their negotiations. let me tell you what we know at this hour. the deal is said to raise $600 billion in revenue over the next decade through a series of tax increases on the wealthiest americans. th bush era tax rates would be text ended for all single americans with incomes below $400,000 and couples with...
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Dec 24, 2012
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investors going into a short holiday week worried about a fiscal cliff deal. all markets pointing to a lower open. markets close at 1:00 p.m. eastern today. >>> gas prices have dropped by nearly 12 cents over the last two weeks. the average cost of a gallon of regular is $3.26, according to the latest lundberg survey. in the last 11 weeks, gas prices have fallen by 58 cents per gallon. lower prices at the pump are not likely to continue. we can see an increase of 5 or 10 cents per gallon soon, due to increasing crude oil prices. >>> a potential big snag for transport and trade. 16,000 workers at 15 ports from boston to houston on the verge of going on strike. the international long shoreman's observation association has been bargaining since march and a contract extension expires on the 29th. you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon.
investors going into a short holiday week worried about a fiscal cliff deal. all markets pointing to a lower open. markets close at 1:00 p.m. eastern today. >>> gas prices have dropped by nearly 12 cents over the last two weeks. the average cost of a gallon of regular is $3.26, according to the latest lundberg survey. in the last 11 weeks, gas prices have fallen by 58 cents per gallon. lower prices at the pump are not likely to continue. we can see an increase of 5 or 10 cents per...
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"lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal" continues on this friday morning. we're back in a moment. [video clip] >> there are cynics who say that a party platform is something that no one bothers to read and it does not very often amount to much. whether it is different this time than it has ever been before, i believe the republican party has a platform that is a banner of bold, unmistakable colors with no pale pastel shades. [cheers and applause] >> the 1976 campaign is interesting because you see the evolution of reagan, his mind, his philosophy as a politician. he talks in this speech about hope and about the future and a future without nuclear weapons and an america free without nuclear weapons being aimed at them but it's a more progressive, it's a more optimistic view of the wo
"lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal" continues on this friday morning. we're back in a moment. [video clip] >> there are cynics who say that a party platform is...
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Dec 27, 2012
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the fiscal cliff. what do you think are the dynamics operating there, including senator mcconnell's position. >> he has three choices here, he can find a couple votes to help harry reid get to 60 so they can help a small piece through. he can say, look, do it yourself, we're not going to filibuster it, so you can pass with just the majority only, and then you own all the responsibility for this. or he can simply do nothing. and at this point he's choosing the do nothing route. i don't know how long that's going to last. i think boehner gave a hint of a little openness to something in his statement he put out today. in the very end he said, we passed a bill, the senate doesn't like it, they should amend it, send it back and we will vote on it. that's a commitment from him. if the senate takes up the house bill, amends to do exactly what reid wants, then you have a commitment for boehner to vote on it. it will pass, because there are enough democrats that will meet with republicans to pass it. >> ryan gr
the fiscal cliff. what do you think are the dynamics operating there, including senator mcconnell's position. >> he has three choices here, he can find a couple votes to help harry reid get to 60 so they can help a small piece through. he can say, look, do it yourself, we're not going to filibuster it, so you can pass with just the majority only, and then you own all the responsibility for this. or he can simply do nothing. and at this point he's choosing the do nothing route. i don't...
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Dec 29, 2012
12/12
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we begin with the 11th-hour, high-stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, as anger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. after meeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate a
we begin with the 11th-hour, high-stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, as anger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in...
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off that fiscal cliff. the deadline's tuesday. if the deal isn't reached, taxes will go up on just about everybody. and massive spending cuts will kick in. >>> in india, the young woman gang-raped on a new delhi bus is dead. doctors say she died peacefully at that singapore hospital where she was being treated. authorities plan to add murder charges against the six suspects arrested in that rape. the charges will be filed thursday. angry protesters have been demanding justice and more protection for women. and police expect more demonstrations in the days to come. >>> four people are dead after a plane crashed at the moscow airport. four others were injured. eight people were on board, all of them crew members when the plane overshot the runway. don't go away. at 2:00 p.m. eastern, the top stories of the day including that growing outrage over russia's adoption ban. hundreds of americans are frantic after being told their adoptions are not going to go through. we'll also take a look back at the year in politics and the fierce batt
off that fiscal cliff. the deadline's tuesday. if the deal isn't reached, taxes will go up on just about everybody. and massive spending cuts will kick in. >>> in india, the young woman gang-raped on a new delhi bus is dead. doctors say she died peacefully at that singapore hospital where she was being treated. authorities plan to add murder charges against the six suspects arrested in that rape. the charges will be filed thursday. angry protesters have been demanding justice and more...
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the deadline to come up with a deal to avoid the fiscal cliff just hours away. what does it mean when lawmakers are already starting to point the finger of blame even before an agreement is reached? our panel weighs in on that. plus counting down to america's new year's celebration, coming up we'll go live to check out final preps underway for the annual rose parade in sunny southern california. ooh, doesn't that look nice. >> uh-huh. .so as you can see, gs customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? uma: welcome back, everybody. right now parts of the world are already ringing in 2013. new zealand kicking the party off early this morning, firing off giant fireworks from the top
the deadline to come up with a deal to avoid the fiscal cliff just hours away. what does it mean when lawmakers are already starting to point the finger of blame even before an agreement is reached? our panel weighs in on that. plus counting down to america's new year's celebration, coming up we'll go live to check out final preps underway for the annual rose parade in sunny southern california. ooh, doesn't that look nice. >> uh-huh. .so as you can see, gs customer satisfaction is at...
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fiscal cliff. we're talking about here words that are banished. lake superior university puts out a list of banished words this year. numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last couple years in congress have been saying that. we can't figure out who even the 10%, who support congress, are. we are totally dysfunctional right now and this is just probably the worst example of it. you know, i heard speaker boehner say a number of times that he doesn't believe in compromise and a lot of republicans say the same thing. they say let's find common ground and act on that. well, there just isn't much common ground. if, in fact, the numbers we're hearing about the senate deal, whether $450,000 threshold or $550,000, that is not a matter of principle. th
fiscal cliff. we're talking about here words that are banished. lake superior university puts out a list of banished words this year. numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last...
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Dec 30, 2012
12/12
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CSPAN
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part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in on twitter that he would like to see howard dean offered a position. is there any talk about the howard dean appointment? guest: they do appreciate the job he did during the 2008 election for the party. i have not heard his name. talking with david jackson from "usa today." he also worked at "dallas morning news." i want to go to diane from arizona on the democratic line. caller: is there any possibility ben bernanke and tim geithner could both be replaced? from what i have read, they both have a background or some dealings with the basics and will street. my impression is they ar
part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in...
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Dec 31, 2012
12/12
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WUSA
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to avoid the fiscal cliff. but there are still some major sticking points, especially over spending and house leaders say they won't vote tonight. still the headline tonight is that the two sides seem to have agreed on how best to address the bus era tax cuts. randall pinkston now with the very latest. >> the senate is close to a deal, as the clock ticks toward midnight and the nation teeters on the edge of the so-called fiscal cliff. >> passed the tax relief portion. now let's take what's been agreed to and get moving. >> reporter: the tentative deal
to avoid the fiscal cliff. but there are still some major sticking points, especially over spending and house leaders say they won't vote tonight. still the headline tonight is that the two sides seem to have agreed on how best to address the bus era tax cuts. randall pinkston now with the very latest. >> the senate is close to a deal, as the clock ticks toward midnight and the nation teeters on the edge of the so-called fiscal cliff. >> passed the tax relief portion. now let's take...
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Dec 28, 2012
12/12
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FOXNEWSW
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one that could determine whether or not our nation plunges right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another meeting constructive but there has been little to no progress. today lawmakers on both sides of the aisle tried to strike an optimistic tone. >> millions of americans are out there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting add
one that could determine whether or not our nation plunges right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another...
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Dec 29, 2012
12/12
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MSNBCW
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at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to
at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good...
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Dec 29, 2012
12/12
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and the fiscal cliff deal, and are we going to get it done? we will talk to three top lawmakers and they are not in washington yet. and you have been hearing about the movie "django unchained" and the tarantino film has sparked controversy and also a feud between two top directors. and you will get some alex witt this weekend, because she talked to lester holt about what he got dragged into doing on his thanksgiving vacation. and also a lot of people ringing in the new year, and there are going to be issues with snow. s causing issues with people returning back home after the holidays. get ready. we'll have all that. so yes, melissa, good to see you this weekend. >> thanks, t.j. as t.j. might say, don't sleep on our legendary foot soldier who still inspires us all. by t? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. your doctor will say get smart about your weight. that's why there's glucerna hunger smart
and the fiscal cliff deal, and are we going to get it done? we will talk to three top lawmakers and they are not in washington yet. and you have been hearing about the movie "django unchained" and the tarantino film has sparked controversy and also a feud between two top directors. and you will get some alex witt this weekend, because she talked to lester holt about what he got dragged into doing on his thanksgiving vacation. and also a lot of people ringing in the new year, and there...